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Apple’s Calls for Repatriation Tax Holiday Gain No Traction with White Househttp://inthenews.springhillgroupcounselling.com/2012/03/21/apples-calls-for-repatriation-tax-holiday-gain-no-traction-with-white-house/ With some two-thirds of its cash hoard housed overseas, Apple would like a tax holiday to allow it to move that money back to the U.S., but its pleas have fallen on deaf ears at the White House.With $64 billion in cash remaining offshore, Apple executives said during a conference call on Monday that they have no plans to bring that money back to the U.S. because of taxes. For some time now, Apple has lobbied the U.S. government for a tax holiday that would give the company an incentive to bring that money stateside.“Repatriating the cash would result in significant tax penalties,” Apple Chief Financial Officer Peter Oppenheimer said. “The tax laws currently allow for a significant disincentive. We’ve expressed our views to Congress and the White House.”
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Apple’s Calls for Repatriation Tax Holiday Gain No Traction with White House
• With some two-thirds of its cash hoard housed overseas, Apple would like a tax holiday to allow it to move that money back to the U.S., but its pleas have fallen on deaf ears at the White House.
• With $64 billion in cash remaining offshore, Apple executives said during a conference call on Monday that they have no plans to bring that money back to the U.S. because of taxes. For some time now, Apple has lobbied the U.S. government for a tax holiday that would give the company an incentive to bring that money stateside.
Springhill Group Counselling: First of its Kind Malware Targets Android
• Security experts from Lookout Mobile have discovered that websites were hacked to serve malware specifically to Android devices, the first ever attack targeting a mobile operating system.
• The virus comes up when a user happen to visit a compromised website and disguises itself as a system update. Drive-by downloads such as this have long been a challenge to digital security as it only takes someone to visit an infected site for the malware to infect the vulnerable device. Mobile specialist Springhill Group Counselling reports that the bug, named NotCompatible, appears to be the first Android bug to have spread in that way.
Google Faces Antitrust Suit in India
• India’s Competition Commission confirmed that Google is undergoing an antitrust investigation after a match-making website filed a complaint against its “alleged discriminatory practices” in AdWords.
• An Indian dating website has filed the complaint against the search engine giant, alleging that it has breached the country’s antitrust laws for its advertising unit, AdWords. The complaint accused Google of luring 2 Indian dating sites into a bidding war over its ad keywords in online search.
Google will Unveil Own Tablet
• With the ongoing Google I/O developers conference this week will surely come a lot of surprises from the Internet giant, one of which is the anticipated unveiling of a tablet running on their equally new Android operating system, Jellybean.
• Google seem to be doing what Microsoft did last week in its unveiling of Surface tablet.
• “It seems Google’s trying to do what Microsoft did last week, which is basically tell their partners they no longer trust them to do things right.”
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